Not really a surprise since the loss of the Apple contract led to a collapse in share price, and combined with the large drop in sterling it made it quite attractive for foreign buyers. As part of the deal MIPS will be sold separately for $65m to Tallwood Venture Capital.

ARM Holdings was bought a while back by Softbank for $24b. At one stage MIPS and ARM had roughly equal market share. $65m vs. $24b really highlight just how far MIPS has fallen behind.